{
    "title": "Proved reserves of U.S. natural gas increased 32%",
    "modified_at": "2023-01-30 20:22:49",
    "published_at": "2023-01-30 17:00:00",
    "url": "https://positive-energy-hub.prezly.com/proved-reserves-of-us-natural-gas-increased-32",
    "short_url": "http://prez.ly/7Jrc",
    "culture": "en",
    "language": "EN",
    "subtitle": "The EIA announced today that proved reserves of natural gas increased 32% in the United States during 2021",
    "slug": "proved-reserves-of-us-natural-gas-increased-32",
    "body": "<p>Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to our recently released&nbsp;<a href=\"http://www.eia.gov/naturalgas/crudeoilnaturalgasreserves\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021</em></a>&nbsp;report. U.S. proved reserves had previously decreased 4% in 2020 as a response to prices that fell with decreased consumption during the first year of the COVID-19 pandemic. At year-end 2021, however, five of the eight states with the most proved reserves of natural gas each reported new record volumes, driving the growth nationally.</p><p>Proved reserves are operator estimates of the volumes of oil and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Prices heavily affect estimates of proved reserves. The wholesale spot price for natural gas at the U.S. benchmark Henry Hub in Louisiana averaged $3.89 per million British thermal units in 2021, almost doubling from 2020, according to&nbsp;<a href=\"https://www.eia.gov/dnav/ng/hist/rngwhhdW.htm\" target=\"_blank\" rel=\"noreferrer noopener\">data from Refinitiv</a>.</p><p><a href=\"https://www.eia.gov/todayinenergy/detail.php?id=55339\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Continue reading...</em></a></p><div id=\"bookmark-7a133f62-91a2-4a96-bb3d-16f9eec061be\"\n     class=\"release-content-bookmark release-content-bookmark--horizontal\">\n\n    \n    <div class=\"release-content-bookmark__details\">\n\n                    <a class=\"release-content-bookmark__title\"\n               href=\"https://www.eia.gov/todayinenergy/detail.php?id=55339\"\n               rel=\"noopener noreferrer\"\n               target=\"_blank\"               data-type=\"bookmark\"\n               data-track=\"Story WebBookmark Click\"\n               data-placement=\"content\"\n               data-id=\"7a133f62-91a2-4a96-bb3d-16f9eec061be\"\n           >\n                Proved reserves of natural gas increased 32% in the United States during 2021            </a>\n        \n                    <div class=\"release-content-bookmark__description\">\n                Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government            </div>\n        \n        <a href=\"https://www.eia.gov/\"\n           target=\"_blank\"\n           rel=\"noreferrer noopener\"\n           class=\"release-content-bookmark__provider\"\n        >\n            <img class=\"release-content-bookmark__provider-icon\" src=\"https://avatars.prezly.com/favicon?url=https%3A%2F%2Fwww.eia.gov%2Ftodayinenergy%2Fdetail.php%3Fid%3D55339&newsroom=335a4011-7fdf-410f-8e36-cb891220e74b\" aria-hidden=\"true\" />\n            EIAgov        </a>\n    </div>\n</div>\n<p>&nbsp;</p><p>&nbsp;</p>",
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    "links": [
        {
            "description": "Proved reserves of natural gas increased 32% in the United States during 2021",
            "url": "https://www.eia.gov/todayinenergy/detail.php?id=55339"
        }
    ],
    "author": {
        "first_name": "Blake",
        "last_name": "Lightholder"
    },
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}